Workers Compensation - Inclusion/Exclusion

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| By Jamesjohns82

Jamesjohns82

Community Contributor

Quizzes Created: 4 | Total Attempts: 1,185

| Attempts: 455

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1/9 Questions

If a prospect has an employee and makes the conscious decision NOT to purchase a Workers Compensation policy for the business -- there is a rejection form on Homefield you can have them sign?
- True
- False

About This Quiz

This quiz will help you to understand more thoroughly who will be automatically included and excluded from a Workers Compensation policy.

2.

Farm Bureau chooses not to write stand alone Workers Compensation policies?
- True
- False
Correct Answer

A. True

Explanation

This is true. We provide workers compensation as an accommodation to our current client base.

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3.

The max limit an employee can collect for an injury is the typical 100/500/100 limits found for disease, injury, accident on the Workers Compensation policy?
- True
- False
Correct Answer

A. False

Explanation

These limits have to do with employers liability (Employers Liability covers liability arising out of an employees' work-related injuries that do not fall under the workers compensation statute.) --- employees injured while at work are subject to State statutes -- not any limit posed on the declarations of a workers compensation policy.

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4.

You are obtaining signature pages for Doctor Dental Inc. They have 4 employees as well as 2 corporate officers. Who all will be automatically included in the Workers Compensation coverage - and can they exclude themselves?
- All will be automatically included in the coverage -- no person can choose to exclude themselves
- Only the employees will be included in the coverage -- and they cannot exclude themselves
- All will be automatically included in the coverage -- the corporate officers can choose to exclude themselves
- Only the employees will be included in the coverage -- the corporate officers can choose to exclude the employees
Correct Answer

A. All will be automatically included in the coverage -- the corporate officers can choose to exclude themselves

Explanation

Because the legal entity is a Corporation, the Corporate Officers will be automatically included within the Workers Compensation policy. In order to exclude the officers - you must have the officers sign the Iowa Corporate Officer Rejection (14-0061) form found on Homefield

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5.

You hire and individual in your farming operation and provide them housing and food as part of the minimal wage you provide for the work they complete. When an audit comes - what all items will be counted toward remuneration (pay) of this individual?
- Housing
- Food
- Wage
- Gas
Correct Answer(s)

A. Housing
A. Food
A. Wage

Explanation

In this scenario, the individual is being provided with housing and food as part of their remuneration. Therefore, these items will be counted towards their pay. Additionally, the wage that is provided to the individual will also be counted towards their remuneration. However, gas expenses are not mentioned as part of the remuneration, so it will not be counted.

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6.

Please check below the type of ownership that would be automatically included within a standard Workers Compensation policy.
- Individual Owner
- Partnership
- LLC
- Corporation
Correct Answer

A. Corporation

Explanation

The only ownership that provides automatic inclusion for owners is the corporation. This means it is very important that discussion is had at time of binding in order to alleviate any confusion at time of audit if a corporate officer does not want to be included.

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7.

When you write a Workers Compensation policy on an LLC -- members of the LLC (similar to corporate officers for a corporation) are automatically included on the Workers Compensation policy?
- True
- False
Correct Answer

A. False

Explanation

Members of the LLC are going to be automatically excluded from coverage on Workers Compensation.

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8.

You have a prospect come to you that has no employees, but is required to carry WC per the general contractor on a job. You can write his WC through Farm Bureau.
- True
- False
Correct Answer

A. False

Explanation

In order to look at any Workers Compensations policy with Farm Bureau - the business operation must have employees.

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9.

You have a family farm insured. The legal entity of the operation is a partnership between 2 brothers. Each brother has a child working for the farm. Which individuals in this scenario will be automatically included within the workers compensation policy per State Law?
- The brothers as well as the children working on the farm
- The brothers only
- The children only
- None - all are automatically excluded from coverage
Correct Answer

A. The children only

Explanation

Given the legal entity - partnership - the owners are automatically excluded from WC coverage, however, given it is a farm operation - the family members that may work would be automatically included. If they choose to exclude themselves - an Acord 130 needs submitted to underwriting to ensure proper exclusion.

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Current Version
Mar 18, 2023

Quiz Edited by
ProProfs Editorial Team
Jun 18, 2014

Quiz Created by
Jamesjohns82

Workers Compensation - Inclusion/Exclusion

If a prospect has an employee and makes the conscious decision NOT to purchase a Workers Compensation policy for the business -- there is a rejection form on Homefield you can have them sign?

Quiz Preview

Farm Bureau chooses not to write stand alone Workers Compensation policies?

The max limit an employee can collect for an injury is the typical 100/500/100 limits found for disease, injury, accident on the Workers Compensation policy?

You are obtaining signature pages for Doctor Dental Inc. They have 4 employees as well as 2 corporate officers. Who all will be automatically included in the Workers Compensation coverage - and can they exclude themselves?

You hire and individual in your farming operation and provide them housing and food as part of the minimal wage you provide for the work they complete. When an audit comes - what all items will be counted toward remuneration (pay) of this individual?

Please check below the type of ownership that would be automatically included within a standard Workers Compensation policy.

When you write a Workers Compensation policy on an LLC -- members of the LLC (similar to corporate officers for a corporation) are automatically included on the Workers Compensation policy?

You have a prospect come to you that has no employees, but is required to carry WC per the general contractor on a job. You can write his WC through Farm Bureau.

You have a family farm insured. The legal entity of the operation is a partnership between 2 brothers. Each brother has a child working for the farm. Which individuals in this scenario will be automatically included within the workers compensation policy per State Law?